Cost-Effective Tips for Your Next Home Renovation

Cost-Effective Tips for Your Next Home Renovation
  • Opening Intro -

    Home renovating has become more and more popular over the years thanks to TV stations like the DIY Network and HGTV.

    However, most newbie home renovators don’t realize how expensive a home renovation can be if the right steps aren’t taken.

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Whether you’re opting to tackle your home improvement project on your own or you are hiring a professional to do it for you, here are some cost-effective tips for your next home renovation project that will keep you from breaking the bank.

Do Your Research

The first mistake homeowners often make when it comes to DIY projects is a lack of knowledge. However, the more research you can do for the project, the better idea you’ll have at how much it will cost, how long it will take, and what actually needs to be done.

  • Cost:

    If you are planning a project, take some time to research what that average project would cost in your area, whether doing it by yourself or using a professional.

  • Time:

    Find out how long a project like yours would take. Is it something you could do over a weekend, or will you need longer to accomplish it?

  • Professionals:

    If you plan on hiring a contractor to do the work, research a variety of contractors in your area and get referrals. Don’t simply choose the contractor with the lowest cost either.

every home renovationfinancing home renovation

Be Prepared

A home renovation will often cause chaos in your living area, but you can make it less stressful by being prepared.

  • Get a storage facility:

    Instead of trying to work around your existing furniture, get a storage facility that will make it easier on you to stay organized. According to Livible, “Storage facilities can be rented for yearly contracts or for shorter periods of time to accommodate your schedule.”

  • Keep necessary items:

    If you’re doing a kitchen renovation or bathroom renovation, you won’t want to be without a kitchen or bathroom for an extended period of time, which is why it’s important to keep necessary items. For instance, move your stove or fridge into another area of the house so you can still cook meals at home instead of dining out all the time. Do the same with a toilet if your renovation is taking place in the only bathroom in the house.

Find Wholesalers

When it comes to purchasing material, you’ll get a better deal if you can find a wholesaler to work with. As long as you are buying a large amount of something, a wholesaler will give you a better price than you’ll find if you go to a local home improvement store. Find wholesalers in the area and take some time to visit their warehouses to see what products or items you want for your next remodel.

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Don’t Always Buy New

Sometimes a home renovation project doesn’t mean you have to buy all new items and materials to make it happen. If you really want to save money on your next project, try to find items you can upcycle or revamp in some way to make it work.

  • Flooring:

    Do you need to replace your flooring or can you make the old floor work? For instance, if you have hardwood, have it sanded and repainted instead of replacing it.

  • Light Fixtures

    Instead of replacing all your light fixtures, spray paint them with a new color to make them look like you spent a fortune on them.

  • Vanities or Cabinets:

    Instead of replacing all your vanities or cabinets, consider giving them a fresh new look by painting them.

Don’t Go Crazy

The larger the project, the more expensive it will be. If you really want to save money, then you need to do things as simply as you can. For instance, don’t knock down walls. Doing so will likely mean you’ll need to make electrical, gas or water line changes, or even structural changes, and this all adds up the cost. Instead, if you stick with your home’s original footprint and layout, you’ll find that the renovation budget will stay less expensive.

other valuable tips:

Whether you’ve already remodeled some areas of your home or this is your first project, saving money is always of high importance. No matter what type of project you’re doing, you should always ensure you have a budget in place and that you stick with it. Doing this—along with using the tips listed in this article—will certainly help you keep your costs down for a cost effective home renovation.

Image credit: Pixabay

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